A view of the City of London, where most British banks are based. They are now competing with online P2P lending platforms.(TOBY MELVILLE/REUTERS)

AIMCo sets up shop in London

JANET McFARLAND

— The Globe and Mail

Published Thursday, Jan. 30, 2014 11:22AM EST

Last updated Thursday, Jan. 30, 2014 11:22AM EST

Alberta’s public pension fund manager has opened a new office in London to help broaden its investment focus.

Alberta Investment Management Corp. (AIMCo) has been expanding its holdings in European investments, and says a new office in London – staffed by two senior employees – will enhance oversight of current holdings in Europe and provide a platform to screen new investments.